Going Concern

OCTOBER 7, 2022

Private company CFOs grapple with new lease accounting [ CFO Dive ]. At its core, under the new standards the Financial Accounting Standards Board (FASB) wants all companies to record operating leases longer than one year on their balance sheet, both as an asset and a liability, in the same way as capital leases have always been recorded.

Illinois 98

Illinois CPA audit tax return 98

Going Concern

MARCH 24, 2023

The workers have viable ERISA claims based on BDO’s alleged failure to obtain the cheapest available share classes for certain plan investments, the US District Court for the Northern District of Illinois ruled Tuesday. The federal government levies taxes on collectibles held for more than a year at a top rate of 28%.

auditor 104

auditor Entertainment audit Real Estate 104

Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

tax preparation 98

tax preparation CPA Illinois payroll tax 98